Meme coins have come a long way from when they started. First conceived as a joke, now it’s valued at over $100 billion in market capitalization. Meme coins like $DOGE, $SHIB, and now $TRUMP coin have proven that meme coins can gain mainstream attention.

Donald Trump’s cryptocurrency, $Trump, has fallen sharply from its highest levels of $75, making investors cumulatively lose billions. Meanwhile, $Melania, launched by his wife and First Lady Melania Trump has also seen a sharp decline.

Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.

Trump’s $TRUMP meme coin launch has led to 700+ fake copycat tokens, insider trading suspicions, and ethical concerns.

More than 813,000 crypto wallets have lost a total of $2 billion after buying President Donald Trump’s memecoin, according to an assessment by Chainanalysis commissioned by the New York Times. Meanwhile,

The price of $Trump has dropped to around $17, resulting in cumulative losses of $2 billion for several investors.